19 Jan
Everyone talks about how Barack Obama is the first black president but I keep telling them they are color blind cause Barack Obama is truly the first Green President! Is your portfolio ready to be right on the color of his administration policies and benefit from investments made today for the next 8 years??? All i know is wind energy is going to be on the forefront of everyone’s conversation so that those that move into wind energy now are going to benefit down the road in this new green administration. Wind power in USA is going to be around 50% of all new electrical power by end of 2010 as long as we as a nation do not pollute our way to prosperity through more coal power.
My bets for wind power are AMSC, Vestas (VWDRY) and APWR for the China option in prosperity through wind.
19 Jan
When most people think of wind power, they think
of giant blades rotating way up in the air. But
what’s far less visible is a key piece of equipment
– without which the blades and turbines they’re
connected to … would just be so much useless
junk.
This device is called a power conditioner.
Wind, you see, never blows steadily. It’s gust
and lull, stop and go, fast and slow. Because of
this, the electricity that comes out of a wind-
turbine is prone to wild fluctuations. It’s far
too unsteady to do any useful work — let alone be
connected to the local power grid.
Power conditioners smooth the peaks and valleys
in the electrical output.
And they work through expanding and
contracting magnetic fields. So, the same
superconducting magnetic fields that are
powerful enough to lift a locomotive …
can also be engineered to provide equally
strong power conditioning.
Indeed, AMSC uses its superconductor expertise
to design some of the most powerful, reliable, and
fastest-acting power conditioners ever built.
These and related products have proven so popular
that some form of AMSC technology is now being used
in 7% of all the wind-power systems in use today.
The United States is the world’s biggest and
fastest-growing market for wind power. Wind
accounted for 30% of all new US electric power
generation in 2007 (the last full year for which
statistics are available) — surpassed only by
natural gas.
Now, with Obama throwing the entire weight of the
federal government behind zero-emission, renewable
energy, the outlook for wind energy and AMSC could
scarcely be more bullish.
19 Jan
Wang Weicheng, an energy professor at Tsinghua University in Beijing, told reporters that China has the potential to install up to 100 gigawatts of wind power.
“By 2020, wind power capacity is predicted to reach 30 gigawatts,” said Wang in a meeting at China’s annual parliament. “Around the mid-21st century, wind power is very likely to take the place of hydropower as the second-largest source of electric power generation after coal.”
He added that wind power could surpass nuclear stations as a source of energy within 20 to 30 years.
Wang’s comments come as China has been aggressively expanding its interests in renewable energy sources including wind, solar, biofuels, tidal, and small hydroelectric dams.
In February 2005, the government passed a renewable energy law that both requires power operators to buy electricity from alternative energy providers and provides economic incentives to such producers. China is striving to reduce its dependence on traditional coal, which supplies 65-70% of the country’s energy needs but is responsible for a number of its energy-related environmental problems. According to a recent report by the World Health Organization (WHO), seven of the world’s ten most polluted cities are in China and almost two thirds of the country’s largest cities fail to meet the organization’s air quality standards. With its use of unwashed coal, China is the planet’s largest emitter of sulfur dioxide and acid rain plagues about a quarter of the countryside. The World Bank estimates that pollution is costing the country 8-12% of its $1.4 trillion GDP in direct losses.
China has expressed a strong interest in cleaner coal-based technologies like coal liquefaction and gasification, but the government appears to put official hope in renewable energy, setting a target of 12% of its power generation capacity, or 20 gigawatts, coming from renewables by 2020—up from a mere 3% in 2003. The government’s interest in reducing China’s use of coal and petroleum products extends beyond environmental and health concerns; it sees both the strategic value of mitigating its reliance on foreign oil and the economic advantages of being on the technological leading edge of energy production.
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